Question # 1

From when did the Euro become a legal tender?

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1 December 1999

1 January 2000

1 January 2001

1 January 2002

Gesang is German for what?

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Music

Song

Note

G Clef

'SAPFA' stands for:

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South Asian Preferential Trading Arrangement

South Asian Promotion of Trade Agreement

SAARC Promotion of Trade Authority

None of all

The extent to which persons or organizations are better off at the end of a period than they were at the beginning?

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Profit

Inventory

Good

Fringe benefits

Who describes the pressure groups as the Third House of he Legislature?

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Lord Bryce

H,M Finer

G, D. H. Cole

Dicey

What does H-HMMWV stand for?

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High heavy mobility multipurpose wheeled vechicle

Heavy high Maintenance Multipurpose wheeled vehicle

Heavy high mobility multipurpose wheeled vehicle

Heavy high motorized multipurpose wheeled vehicle

What is a 15-sided polygon?

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Enneagon

Nonagon

Pentadecagon

Dodecagon

An increase in national income is likely to:

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Decrease tax receipts

Worsen the balance of trade

Automatically cause an increase in government spending

Cause an increase in injections into the economy

An expansionist fiscal policy could include:

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Lower interest rates

Increased landing by the banks

An increase in corporation tax

An increase in discretionary nary government spending

Net investment is

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Gross investment minus household investment

Gross investment minus govt.investment

Gross investment minus capital consumption allowance

None of the above

The basic different between the ''short run''and the ''long run'' is that:

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All cost are fixed in the short run, but all costs are variable i8n the long run

The law of diminishing returns applies in the long run, but not in the short run.

At least one resource is fixed in the short run while all resources are variable in the long run

Economies of scale may be present in the short run, but not in the long run.

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